Web Sify
Follow us on
Mail
Print

SBI sees March quarter loan restructuring pipeline at 37 billion rupees

Source : REUTERS
Last Updated: Thu, Feb 14, 2013 10:34 hrs
Kashmiri shopkeeper staples together Indian currency notes in Srinagar

MUMBAI (Reuters) - State Bank of India (SBI), the country's biggest lender, has a loan restructuring pipeline of 37 billion rupees for the quarter ending March 31, its chairman, Pratip Chaudhri, told reporters on Thursday.

SBI, earlier on Thursday, posted a 4 percent rise in quarterly net profit, its smallest increase in six quarters, as higher provisions for bad loans and slower loan demand in a sluggish economy hurt growth.

(Reporting by Swati Pandey; Editing by Anand Basu)


More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance